Economic lecture on the merits and workings of capitalism. With Prof. Clifton L. Ganus of Harding College, Searcy, Ark.
Defines capitalism and shows that the keystone in American capitalism is the principle of ownership of the means of production and distribution.
"Neither Socialism nor Communism ever will become established in the U.S.A if each generation of Americans gets a clear understanding of our American system of Capitalism, how it works, and the comparative advantages it produces for all citizens. This film begins with the word 'capital' and builds an understanding of the unique system of American Capitalism which is supported on the pillars of private ownership of property, the profit motive, and the free market. Dr. Ganus buys ten cents of clay and molds a child's toy to be fired, decorated, and sold on the market for 39 cents. Capitalistic system are shown at work [sic]. Through discussion, the profit motive is shown to be wholesome, a factor in nearly all human behavior; private ownership to be the foundation of individual freedom and dynamic incentive; and the free market to be a great economic benefactor to the consuming public." (EFL, 2nd edition)<BR>
Commenttracey - this item may have been damaged on 2009-04-28 when 2 catalogd main processes ran simultaneously and is checking item
March 15, 2008 Subject:
How about a second look at capitalism?
Today, the headline is that the government (i.e. taxpayers) is coming to the rescue of Wall Street's Bear Stearns. You can have it both ways! You can suck up all the profits and when the going gets bad you get a fed-bailout in which the taxpayers assume the tab for the risk. I love these old films!
October 19, 2007 Subject:
A Marvel of Modern Social Science.
Many students today have some degree of difficulty in grasping the nuances of economics and its relation to daily life. This video, produced by my friends at Fotovox and featuring a number of my lovely young students, provides a clear definition of Capitalism. We explore capitalism's success, as well as its moral correctness, and I "show off" a bit of sculpting skill as well! From Arkansas to your classroom, it's "A Look At Capitalism"!
September 29, 2003 Subject:
I've got a new best friend..
Not as overly demented as "America's Distrubution Of Wealth". This film still has our favorite young historian, Albert Camus Jr. Spilling the beans about the pillars of what makes the US economy so great. He also makes a cute little clay animal which helps him in his lecture. lol.
September 22, 2003 Subject:
Corny (bad acting) but true!
Uses the sword of truth (i.e. those darn, inconvenient facts) to cut communism to the quick, apparently striking some nerves--like those of some reviewers who enjoy spouting Stalin-speak. (Funny how blood-thirsty murderers of millions can be considered heros by some.)
As with most serious productions of its day, it's corniness distracts somewhat from the information being presented, but all I can say is, "At least it's true!"
September 13, 2003 Subject:
All the holes a critical thinker needs to take down capitalist exploitation
The American way of life is explained by "noted young historian" CLifton L. GAnus. Here at the national propaganda workshop, a "clear understanding" of capitalism will prevent socialism or communism from ever being established in America.
But first a word from our sponsors...
Be careful, you never know the forms money may take. He may fool you! But He is always God.. err... good. Unless it is state capitalism, then it's Bad.
Private ownership and profit motive make everything OK.
"Employees are not selling their time but their services." (So why are workers paid by the hour? If you do your job better than others, you are giving money to your employer, so be average!)
"We can save our income and become employers" and profit off the work of others (in whose fantasy life?!!?!?) or invest our savings in the companies that exploit other workers for profit. Profit "is a normal wholesome motivation."
And while clergymen say "the profit motive isn't a good motive," that's also what communists and socialst say, so while there is nothing wrong with being a clergyman, the clergyman is fooling himself if he thinks people give themselves to God without profit as the motive.